This is not a women's phenomenon. Clearly these businesses have a huge amount of potential to impact our economy. You ignore this market at your peril.

These are not hobby businesses. The substantial number of people in this group are running a growing, meaningful business.

I think we're making tremendous progress. What I would like to see is more progress in expansion of the businesses, with more access to capital, networks and markets.

As more and more women started their own businesses, banks started providing capital, markets started opening up to them, and women became involved in established networks for expertise, coaching and referrals. There was a circular effect that encouraged more women to go into business.